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Financial Sector

Charter Council

Amended FSC Series Overview

The amended FSC scorecard for generic entities

The following table represents the B-BBEE Generic Scorecard to be used for Large Entities.

Element Weighting
Element Banks and Life offices scorecard Short Term Insurers scorecard Stock Exchanges and Stock Exchange Members Other Institutions scorecard Code Series Reference
OWNERSHIP 23 23 23 25 FS100
MANAGEMENT CONTROL 20 20 20 20 FS200
SKILLS DEVELOPMENT 20 20 20 20 FS300
PROCUREMENT and ESD 15 35 35 35 FS400
SOCIO ECONOMIC DEVELOPMENT and CONSUMER EDUCATION 5 5 5 5 FS500
EMPOWERMENT FINANCING and ESD 25 0 0 0 FS600
ACCESS TO FINANCIAL SERVICES 12 12 0 0 FS700
Total 120 115 103 105

The amended FSC scorecard for qualifying small financial institutions

The following table represents the B-BBEE scorecard to be used for Qualifying Small Financial Institutions (QSFIs).

Element Weighting Weighting
OWNERSHIP 25 POINTS FS801
MANAGEMENT CONTROL 15 POINTS FS802
SKILLS DEVELOPMENT 25 POINTS FS803
ENTERPRISE AND SUPPLIER DEVELOPMENT 30 POINTS FS804
SOCIO-ECONOMIC DEVELOPMENT 5 POINTS FS806
Total 100 POINTS